We don't export anything to china. Barely a half a percentage if that. So how is china going to punish us? we consume 99.5% of chinese products and services, it would be stupid for china to try and punish us over tires. If they were smart they would stay quiet about it.
do your homework before you publish numbers. America is far less important to China than you claim!!!
China buys our treasuries. Other than that, trade is so lopsided China really can't do much in a trade war.
you gotta be kidding me. The US is to a much larger degree dependent on Chinese products than China on US as trading partner (while large amounts are moved the US is not even China'a number on trading partner anymore and has already successfully diversied). So whom are you trying to kid by saying the US has less to lose when American consumers suddenly pay 30-50% more for products coming out of China. Thats about the time US has to declare a grand scale bankruptcy. It would surely pull down the rest of the world but fact is the Lehman is gonna be the US not China. Lets go to the source: http://www.china-embassy.org/eng/xw/t272113.htm
The US is dependant on oil imports - it is not dependent on melamine-laced toy imports. The difference is....not subtle. China is dependent on the US not declaring a selective unilateral sovereign default that the rest of the world would likely applaud. Right now, and for the next few years, the US maintains the dominant hand. If nothing changes, that will reverse, and when it reverses, it will reverse very quickly.
Wow...China already "diversified" away from the US economy? That was quick. What did it take them...a couple of weeks or something?
oil imports only? Interesting. So where do you get the money from to pay for 50% more expensive computers, cell phones, building materials, auto parts, TVs, other electronics, kitchen ware, tables, chairs,...pretty much every other item in your house, without China continuously pumping out cheap products? Or do you live in your car?
well maybe you should read the updated statistics, one of which I posted a link to. Europe has become China's biggest trading partner, and the remainder is much more equally distributed among the US, Australia, Japan, other parts of Asia. The biggest dependence on the US is currently not consumer demand (while the US in turn is most heavily dependent on China's pumping out cheap consumer products) but stability in the prices of US government debt. Could it be that while you thought you overslept just a few weeks it has been actually a few years?
You got to be kidding me... The only thing keeping the US dollar afloat is it's ability to buy things and it's widespread acceptability and recognition as a currency... and you are suggesting it to declare a default on 1.3 billion people and the "manufacture of the world"?? That is so short-sighted.
You apparently don't understand symbiotic relationships too much. Not only is the US a massive export economy to China, but the US is also a massive export economy to Europe...you know...that place that China's "biggest" export economy is? So, if the US stops consuming, it will hit China in every way when it deals with economies that are net exporters to the US. The story about "decoupling" is pure myth. Those who tout all this diversification amongst China apparently didn't do their homework to look at whom those "diversified" trading partners do trade with....namely, the biggest importing economy in the world...yep...you guessed it....the United States. But let's all ignore those pesky little independent variables that throw the whole diversification equation out the window.